Business

Arturo Newton

9 June, 10:54

Golding's finishing department had the following data for July:

Transferred-In Materials Conversion

Units transferred out 60,000 60,000 60,000

Units in EWIP 15,000 15,000 9,000

Equivalent units 75,000 75,000 69,000

Costs:

Work in process, July 1:

Transferred-in from fabricating $2,100

Materials 1,500

Conversion costs 3,000

Total $6,600

Current costs:

Transferred-in from fabricating $30,900

Materials 22,500

Conversion costs 45,300

Total $98,700

Required:

1. Calculate unit costs for the following categories: transferred-in, materials, and conversion. Round your answers to the nearest cent.

Unit transferred-in cost $

Unit materials cost $

Unit conversion cost $

2. Calculate total unit cost. Round your answer to the nearest cent.

$per unit